Wave of CB fund launches forecast for China

Fund management companies (FMCs) in China are eager to tap into renewed investor interest for convertible bonds on the back of a rush of fundraising by the nation’s two biggest banks. Fullgoal is poised to launch a convertible bond (CB) fund on November 18, the second such product to be brought to the domestic market in the past month after Bosera FMC issued its CB offering on October 28. This comes after a six-year hiatus. In May 2004, Aegon Industrial FMC sold China’s first CB fund,…